Ford Motor Company (NYSE:F) Q3 2023 Earnings Call Transcript

John Lawler: Yes. So, when you look at Pro the volume was down a bit. Part of that was we had some disruptions or hiccups from some suppliers which cost us to lose some F-150 commercial volume in the quarter. We had normal seasonality as well like on motorhomes and things like that. And then when you look at Ranger in Europe, that was down a bit still because of the ramp that we have going on on the new Ranger. And then there was a little bit of improvement with Super Duty. So, I think you saw some seasonality. You saw some fluctuations due to some supplier constraints and some missed volume in the quarter. And then, of course we continue to see the strength of the pricing on Super Duty, which is showing up with the higher revenues, yet the volumes were down a bit.

So, overall, I think it’s not that we’re seeing a significant reduction in the demand for our Pro vehicles. We’re not. The order bank is very robust. We have a lot of demand for the model year, and I think Europe Pro is going to continue to be performing at a high level as we move forward here.

Emmanuel Rosner: Thank you very much.

Operator: This concludes the Ford Motor Company third quarter 2023 earnings conference call. Thank you for your participation. You may now disconnect.